Common use of NHCEs Only Clause in Contracts

NHCEs Only. Is limited to NHCE Participants only and may be limited further under Election 24(g). The Employer may, however, make a discretionary Safe Harbor Contribution to one or more HCEs in a percentage or rate allocated that does not exceed the percentage or rate allocated to the NHCEs as a Safe Harbor Contribution.

Appears in 6 contracts

Sources: Adoption Agreement, 403(b) Volume Submitter Plan Adoption Agreement, 403(b) Volume Submitter Plan Adoption Agreement